Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Dec 28, 2009, 7:46 pm
#7156
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,740
These are circulating versions, there is no "collection value" so to speak.
Pay a hefty premium for the non-circulating version of the coins, then you are a "collector" and can rightfully claim so.
The AMEX warning is not a joking matter. Kid around as you would but you could very well lose your card and your points if you continue on such pattern. If you are using it for your daily activities as well as for trips, it aint a nice picture when one day you suddenly find your AMEX does not work and you are thousand miles from home. A few months ago someone reported such thing happened to him and it was exactly because of the coin orders. You would find the thread he started in the AMEX forum on this saga.
Dec 28, 2009, 7:51 pm
#7158
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,740
Nothing.
What repercussions? The Mint's orders are paid by the CC issuers. CC issuers go after you who have made the charges, and then close your cards and accounts.
Didn't someone just report receiving mails from Chase which closed his 2 Chase cards because the cards "were not used for its intended purpose"?
What repercussions? The Mint's orders are paid by the CC issuers. CC issuers go after you who have made the charges, and then close your cards and accounts.
Didn't someone just report receiving mails from Chase which closed his 2 Chase cards because the cards "were not used for its intended purpose"?
Last edited by Happy; Dec 28, 2009 at 8:09 pm
Dec 28, 2009, 8:00 pm
#7159
Join Date: Feb 2009
Posts: 43
Nothing.
What repercussions? The Mint's orders are paid by the CC issuers. CC issuers go after you who have made the charges, and then close your cards and accounts.
Didn't someone just report receiving mails from Chase who closed his 2 Chase cards because the cards "were not used for its intended purpose"?
What repercussions? The Mint's orders are paid by the CC issuers. CC issuers go after you who have made the charges, and then close your cards and accounts.
Didn't someone just report receiving mails from Chase who closed his 2 Chase cards because the cards "were not used for its intended purpose"?
Dec 28, 2009, 8:08 pm
#7160
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,740
It is NOT up to you, it is AMEX which could close your accounts.
You dont want AMEX initiate a Financial Review, or worse, abruptly close your accounts. From what you posted, it appears that your account is now being monitored. The rep has made it very clear despite in a subtle way as you mentioned "Toward the end of the phone call the rep told me not to lose any sleep over it and just be careful and watch my spending pattern."
I dont know how much clearer the message can be...
Last edited by Happy; Dec 28, 2009 at 8:53 pm
Dec 28, 2009, 8:08 pm
#7161
FlyerTalk Evangelist
Join Date: Jan 2002
Location: Greater DC
Programs: UA plus
Posts: 12,943
the point you're missing is it might not be your choice ... at which point, you lose the cards, might lose some points and you take a hit on your credit b/c they closed the account on you. Over, done, game lost.
Dec 28, 2009, 8:25 pm
#7162
Join Date: Oct 2007
Location: USA
Programs: WN,DL,BA
Posts: 619
Yikes !!!!, how much did you spend????
Dec 28, 2009, 8:26 pm
#7163
Join Date: Feb 2009
Posts: 43
Thanks for the advise guys. I'm out of the game officially on your advise and the "wake up call I got today from AMEX". I'm not going to process any new orders, [at least until they clean up the program].
I will say though, it's been a fun, addicting ride. I might need $1 coin rehab...And more importantly, will they accept $1 coins as payment. hehe.
I will say though, it's been a fun, addicting ride. I might need $1 coin rehab...And more importantly, will they accept $1 coins as payment. hehe.
Dec 28, 2009, 8:28 pm
#7164
Join Date: Oct 2007
Location: USA
Programs: WN,DL,BA
Posts: 619
I made a post here a few weeks ago about my bank selling 2008 Presidental coin gift packs for a 20% discount limited supply only, I can now confirm this, went in today to cash a check and i did see the sign at the counter.
I should of said "Can i buy whats left of the Presidental Coins?????
I should of said "Can i buy whats left of the Presidental Coins?????
Dec 28, 2009, 8:55 pm
#7165
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,740
I made a post here a few weeks ago about my bank selling 2008 Presidental coin gift packs for a 20% discount limited supply only, I can now confirm this, went in today to cash a check and i did see the sign at the counter.
I should of said "Can i buy whats left of the Presidental Coins?????
I should of said "Can i buy whats left of the Presidental Coins?????
Dec 28, 2009, 9:02 pm
#7166
Join Date: Oct 2007
Location: USA
Programs: WN,DL,BA
Posts: 619
When i maxed out my credit cards buying the coins, chase did lower my credit line by 86%. i probably charged up 10k dollars on the card last year. I called and complained and they said "Sorry nothing can do done", 2 weeks later they restored my credit line. Charged over 100k on just my chase credit cards this year havnt heard anything from them so far. RBS did lower my credit line by 20%, Citi did jack up one of my cards to 29% interest rate from 7%, but i play my bills in full every month
Dec 28, 2009, 9:13 pm
#7167
Moderator: Avianca, Travel Photography, Travel Technology & USA
Join Date: Jul 2001
Location: Far western edge of the La-La Land City limits
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Let's not get too far off topic. How a particular credit card issuer deals with Mint purchases is fair game, but a lot of posts seem to be drifting.
Dec 28, 2009, 9:15 pm
#7168
Join Date: Feb 2009
Posts: 43
What else is there to talk about now? If CC Companies start shutting down cardholder for doing business with the US Mint, what's the purpose in the program existing?
Dec 28, 2009, 9:19 pm
#7169
Join Date: Mar 2007
Programs: AS, UA, DL, WN, Marriott, Hilton, Radisson
Posts: 78
We are in a weird time. I have closed several credit cards and I'm close to walking away from a home re-fi with a great rate because they're just asking too much - too many absurd hoops to jump through. I know the lending orgy of 2000-2006 is so over, but there's got to be a middle ground. Why does my CC interest rate have to go through the roof when I've been paying everything on time? Because the CC companies over-leant to irresponsible people. Why do I have to bend-over for a proctology exam to refi my house - because lenders took too many risks earlier in the decade. Hopefully, the pendulum will find a place in the middle, but I don't know how soon.